Jan 21 (Reuters) - U.S. stock indexes dropped on Thursday
morning, failing to hold on to a small rally at the open sparked
by ECB President Mario Draghi's comments raising hopes of
further easing monetary.

The European Central Bank kept its main rates on hold and
Draghi said the central bank would "review and possibly
reconsider" its monetary policy stance in March. Many analysts
had not expected a rate cut before June.

Oil prices also sharply pared their losses after Draghi's
comments, with Brent even edging higher, before turning back
towards 12-year lows.

The comments come a day after a rout in global stocks,
spurred by the relentless drop in oil prices and fears of a
China-led slowdown in global growth.
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